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Explain the factors that should be considered when applying the conventional concept of depreciation to the determination of how the value of a newly acquired
- Explain the factors that should be considered when applying the conventional concept of depreciation to the determination of how the value of a newly acquired computer system should be assigned to expense for financial reporting purposes. (Ignore income tax considerations for this case.)
- What depreciation methods might be used for the computer system?
- Explain how depreciation is calculated using the method and whether or not you feel the depreciation method gives a good estimate of the cost allocation of the asset.
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